Job Summary
- The Reconciliation Officer under the Monitoring and Reconciliation Department primary purpose is
- to ensure the accuracy and integrity of the consumer loans financial records by comparing and
- matching the consumer loans management system and the general ledger, including identifying
- discrepancies, errors and its corresponding corrections and/or adjustments, ultimately leading to a
- more reliable financial reporting and support informed decision making.
How will you contribute
- 1. Daily monitoring and review of GL accounts for any abnormal balance, float items, and
- discrepancy between SL and GL, in compliance to all applicable regulations and accounting
- standards related to loan accounting.
- 2. Investigate and resolve any differences between loan system records, the general ledger, and
- other financial records.
- 3. Preparation of various schedules for Certification of Balances (COB) and reporting purposes
- 4. Updates the status and/or disposition of outstanding balances of Accounts included in the
- monthly and quarterly aging reports.
- 5. Coordinates with the concerned units, including escalation of unresolved long outstanding
- items.
- 6. Preparation of life insurance such as CLI or Credit Life Insurance and MRI or Mortgage
- Redemption Insurance and non-life insurance such as Fire Insurance and Motor
- Comprehensive Insurance for monthly remittance to third party agencies.
- 7. Monitors the Philippine Guarantee Corporation (PGC) enrolled consumer loan portfolio and
- its movement under, including timely remittances and compliance to the terms and conditions
- of the Memorandum of Agreement with PGC.
- 8. Contribute to general ledger and loan system projects, including conversions, testing, and
- enhancements.
What will make you successful
- Bachelor's Degree in any Business-related course. Accounting Graduate is preferrable.
- Knowledge of bank operations and accounting-related functions, including bank's internal policies/rules and regulations.
- With 2 to 3 years relevant experience in loans accounting and reconciliation, including familiarity with loan accounting systems, general ledger systems, and other relevant software.
- Proficiency in MS Office applications, particularly spreadsheet analysis
